Digital Twin Market Regional Analysis:
North American Market Insights
The North America digital twin market is projected to dominate 41% revenue share by the end of 2035, backed by growing dependence on online systems, internet services, advanced programs, and penetration of a huge amount of data in the region. In 2019, it was being reported that the United States region ranked third in the world for the number of around 320 million internet users. In addition, the presence of major key players in the region along with the rising focus of the government regarding the implementation of digital twin services for facilitating a better manufacturing process with enhanced distribution of products and services among the population are also some of the factors that are considered to positively contribute towards market growth in the region.
APAC Market Insights
Asia Pacific is estimated to register a digital twin market share of 26% by 2035. Ability to enhance planning and maintaining sustainable infrastructure is the major factor expected to drive market size. In India, the state of Andhra Pradesh is constructing Amaravati, its new capital, as the first city designed from the ground up with a digital twin. The system will enable government officials to manage the permitting process, monitor construction progress, and evaluate design plans, allowing them to better understand how buildings will respond to the hot and humid climate.
Europe Market Insights
Europe region is set to witness significant growth till 2035. The expansion of the information technology and communications (ICT) industry, along with the escalation of initiatives taken by the European government will boost the market revenue in the next few years. Also, the rapid development of industries present in the region is anticipated to increase the demand for digital twin.
